Best Car Insurance Rates For New Drivers

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The cheapest car insurance for 17-year-olds can be found at Erie Insurance for $261 per month or $3,137 per year for a car insurance policy.

Best Car Insurance Rates For New Drivers

Best Car Insurance Rates For New Drivers

By: Daniel Robinson By: Daniel Robinson Writer Daniel is a team writer for guides and has written for numerous automotive news sites and marketing firms in the US, UK and Australia specializing in car finance and car care topics. Daniel auto insurance, loans, warranty options, auto service and more. the leader of the Guides team.

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Edited by Rashon Mitchner Edited by Rashon Mitchner Managing Editor Rashon Mitchner is a Group Editor of Guides with over 10 years of personal finance and insurance experience.

Car insurance is expensive for teenagers, but some companies offer better rates on average than others. A team of guides have compared the cheapest car insurance companies for different drivers across the country. Find out how to get affordable insurance for a 17-year-old here.

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The team of guides are committed to providing reliable information to help you make the best car insurance decision. Because consumers trust us to provide objective and accurate information, we’ve created a comprehensive rating system to rank the best car insurance companies. We’ve collected data from dozens of auto insurance providers to rate companies based on a wide range of rating factors. After 800 hours of research, the final result was an overall rating for each provider, with the highest-scoring insurers topping the list.

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We estimate that 17-year-olds pay an average of $5,612 per year, or $468 per month, for individual comprehensive auto insurance policies. That’s nearly three times the national average for middle-aged drivers, which is $1,730 a year. Car insurance for a 17-year-old is expensive because young drivers have less experience and are more likely to have accidents.

Even the best car insurance for 17-year-olds will cost more than car insurance for other age groups. This is explained by the fact that young drivers are statistically more likely to be involved in road accidents than older drivers.

Seventeen-year-olds have less driving experience than older drivers, so insurance companies consider them to be high-risk drivers. And this is not unreasonable. In 2015, 16- and 17-year-old drivers were about 4.5 times more likely to be involved in a crash than drivers in their 30s, 40s, and 50s, according to the AAA Foundation for Traffic Safety.

Best Car Insurance Rates For New Drivers

Not all insurance companies charge the same amount for 17-year-old drivers. This is because no two insurance providers are alike and they all have different methods of calculating the cost of insurance premiums.

Ways To Get The Cheapest Car Insurance Rates

Several factors affect car insurance rates for 17-year-olds, including their age, location, driving history and credit report. The sections below show the cheapest car insurance companies for 17 year old drivers.

Our rankings show that Erie Insurance is the cheapest regional carrier, with average rates of $3,137 per year or $261 per month. USAA is the cheapest domestic carrier with average rates of $3,398 per year or $283 per month.

Below are 11 popular car insurance companies, ranked by the cost of comprehensive insurance for 17-year-olds with an individual policy.

*Auto insurance estimates are based on comprehensive policies: $50,000 personal injury, $100,000 personal injury per incident, and $50,000 property damage per incident, plus a $500 deductible for collision coverage and comprehensive coverage.

Pay Less For Car Insurance For Teens & New Drivers

The cheapest provider in one state is not necessarily the cheapest in another state. State laws vary and companies may assess risk differently in different states. Below you will find the provider with the cheapest average annual rate for 17-year-old drivers in each state.

17-year-olds pay an average of $5,612 a year for car insurance policies nationally, with some paying twice as much in some states. The average cost of car insurance is highest in Connecticut, Michigan and Florida.

Our most popular 17-year-old car insurance options offer lower rates than the national average, as well as various discounts that apply to young drivers.

Best Car Insurance Rates For New Drivers

Given its affordability and average cost, State Farm is the best car insurance for 17-year-olds. State farm averages are about 34% lower than national averages for this age group. In addition, State Farm offers discounts and programs to help teen drivers save money, including:

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Erie Insurance is another low-cost option for 17-year-old drivers. In fact, averages for this age group are about 44% below the national average. That’s a significant difference in annual premium costs. Unfortunately, Erie is only available to motorists in Washington and 12 states: Illinois, Indiana, Kentucky, Maryland, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and Wisconsin.

We estimate that Geico is about 35% cheaper than the 17-year-old national average. We also rated Geico as the best overall provider of good drivers thanks to its industry reputation, excellent customer service and wide range of coverage options. For young drivers, Geico offers the following discounts:

USAA is generally one of the cheapest providers, with 17-year-olds paying about 39% less than the national average at USAA. However, USAA is only available to active duty, veterans, and military family members. Seventeen-year-old children may be eligible for insurance if they serve in the armed forces or if their parents are or have been in the military. USAA offers the following favorable benefits:

Auto-Owners is one of the cheapest car insurance companies for 17 year olds. Our estimates show that this age group pays car owners 43% less than the national average. Car Owners offers the following discounts that are available in 26 states and benefit 17-year-olds:

Compare Car Insurance Rates Side By Side In 2023

There are several factors other than age that affect the cost of your auto insurance policy, some of which are within your control. You can get quotes from different suppliers and find low prices in the following ways.

The type and level of coverage you want will affect your car insurance rates. Most states only require liability insurance that pays for other vehicles and other people’s medical bills if they cause an accident. This is the cheapest option.

But if you have a car loan, you will need comprehensive coverage that includes collision and comprehensive coverage. They cover damage to your car in case of an accident or collision with an object. You can set policy limits to manage costs.

Best Car Insurance Rates For New Drivers

Increasing your deductible can lower your car insurance premium. However, if you’re in an accident, you’ll have to pay more out of pocket, so don’t raise your deductible unreasonably high.

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Car insurance for teenagers is already expensive, so maintaining a clean driving record is important. A good driving history qualifies you for safe driver discounts.

The best way to save money on teen car insurance is to add a young driver to your parents’ policy. Even if you buy from the best providers, individual policies are almost always more expensive.

Seventeen-year-olds can get certain discounts not available to other drivers. Discounts like the ones below can help reduce the stress of paying high insurance rates.

You can also seek disaster forgiveness as an add-on. Accident forgiveness keeps your rates the same as if you were in a single-at-fault accident. However, some companies offer this option only after several years of coverage.

Best Cheap Car Insurance For High Risk Drivers

Seventeen-year-olds with good driving experience can find below-average rates from providers like Erie, Auto-Owners, USAA, Geico, and State Farm. We recommend comparing at least three car insurance quotes when shopping.

According to our research, Erie Insurance offers the cheapest car insurance for 17-year-olds at $261 per month, or $3,137 per year for a comprehensive policy. Auto-Owners and USAA may also be affordable options.

Our estimates show that 17-year-old drivers in Connecticut can find affordable coverage in the state for $228 a month, or $2,731 a year from Geico.

Best Car Insurance Rates For New Drivers

There are many cheap cars to insure for 17-year-olds, ranging from small cars to sedans and mid-size SUVs. Sports and luxury cars are usually more expensive to insure, so avoid them. Also, insurance is cheaper if you own a car and don’t need to get comprehensive insurance.

How To Find Cheap Car Insurance For 17 Year Olds

Car insurance for a base model Dodge Charger is only slightly more expensive than a standard car, even for a 17-year-old. However, moving up to higher-performance models like the 485-horsepower Scat Pack or the 650-horsepower SRT Hellcat increases your risk to insurance companies and costs more.

Yes, 17-year-olds can pay monthly for car insurance. All major providers offer a monthly fee. Some offer small discounts for paying six months or a year in advance, while others do not.

Because our customers trust us to provide objective and accurate information, we have developed a comprehensive rating system to formulate our ratings.

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